Investment

The recent recommendations from Alberta’s royalty review panel put me in your mind of an old joke. Here’s the abridged version: Alberta spares oilsands companies in new royalty regime according to revenues, not oil prices The Alberta government’s $3 million royalty review, which had the energy industry tied in knots ...

Low oil prices and recurring economic malaise are likely to weigh on bank earnings a lot more than expected, causing analysts at Canadian Imperial Bank of Commerce to reduce profit estimates. “We have bent our earnings estimates lower through our forecast period, having a more pronounced impact later in the ...

Calgary-based Boardwalk Investment Trust is feeling the pain in the ongoing rout in oil prices, as job layoffs across Alberta along with a decrease in net migration push rental apartment vacancy rates higher. Boardwalk’s unit price has sharply declined to about $41 since closing in an all-time high of $71.40 roughly 14 months ago. The company’s real ...

One of the world’s hardest-to-enter stock markets just became more accessible to international investors. As financial sanctions are eased against Iran, foreigners can enter a bourse in Tehran with nearly as many listed companies as Istanbul. Inflows may reach as much as US$1 billion after six to eight months, estimated ...

The sell-off roiling stock markets from Shanghai to New York provides an opportunity to buy assets as long-term prospects for economic growth remain favourable, the head of Canada’s largest pension fund said. “Absolutely it’s a buying opportunity, once the world is panicking and you have a quintessentially long-term view,” Mark ...

Gold has returned fashionable as investors seek out a secure haven amid growing global volatility. The real question is whether this gold rally will have legs, or whether it will fizzle out like numerous others over the past few years. The precious metal is in the midst of the tremendous ...

TORONTO — Ontario’s newly privatized Hydro One electric utility includes a $373-million deal to purchase Great Lakes Power Transmission, which operates north and east of Sault Ste. Marie, Ont. Hydro One says it will acquire Great Lakes Transmission from various entities controlled by Brookfield Infrastructure, which is part of a ...

Borrowing from Aesop’s fable from the ant and also the grasshopper, I see Canada like a country covered with ants (i.e. prudent, hard-working savers). Yet one would never know it judging from how certain high-profile statistics are bandied about. When ‘good’ debt goes ‘bad’: Why it can be dangerous to ...

The plunge in commodity prices has forced many mining companies to market assets or metal streams to enhance their liquidity. But their jobs are not even close to finished. TD Securities analysts Greg Barnes and Craig Hutchison studied the liquidity of base metal miners and found when prices remain low, ...

Since Prem Watsa took over Fairfax Financial Holdings Ltd. (TSX:FFH), it has been an excellent ride for shareholders. When Watsa first established control in 1985, shares of Fairfax traded just $1.52 each. Approximately 3 decades later the proportion price is $731.02, which includes a massive run-up in excess of 20% ...